Sasol (NYSE:SSL) Sets New 1-Year Low at $7.09

Shares of Sasol Limited (NYSE:SSL) hit a new 52-week low on Tuesday . The company traded as low as $7.09 and last traded at $7.18, with a volume of 694744 shares. The stock had previously closed at $7.93.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Sasol from a “strong-buy” rating to a “buy” rating in a report on Monday, March 11th.

Sasol Trading Down 1.3 %

The stock has a fifty day moving average of $7.88 and a two-hundred day moving average of $9.68.

Sasol Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.5248 per share. This represents a yield of 6.9%. The ex-dividend date was Thursday, March 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC boosted its position in Sasol by 819.9% during the first quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 2,968 shares in the last quarter. Signaturefd LLC boosted its position in Sasol by 27.3% during the third quarter. Signaturefd LLC now owns 5,397 shares of the oil and gas company’s stock worth $74,000 after purchasing an additional 1,156 shares in the last quarter. Barometer Capital Management Inc. purchased a new stake in Sasol during the fourth quarter worth $117,000. Ballentine Partners LLC purchased a new stake in Sasol during the first quarter worth $137,000. Finally, PNC Financial Services Group Inc. boosted its position in Sasol by 12.9% during the third quarter. PNC Financial Services Group Inc. now owns 10,390 shares of the oil and gas company’s stock worth $142,000 after purchasing an additional 1,185 shares in the last quarter. Institutional investors and hedge funds own 1.21% of the company’s stock.

About Sasol

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.